The Arab Monetary Fund (AMF) and the Central Bank of Tunisia, Tuesday, signedthree loan agreements under which the Arab financialinstitution grants Tunisia three loans with a total valueof 180 million dollars (276.4 million dinars).

The agreements were signed Tuesday in Tunis by BCTGovernor Chedli Ayari and Director General and BoardChairman of the AMF Jassem Manai.

The first and second loans worth 115.2 million dinarsand 92.1 million dinars, respectively, will serve forsupporting the balance of payment and official externalreserves.

The third loan worth 69.1 milliondinars willcontribute to supporting the financial and banking sectorreform programme. This financial support will cover theperiod between May 2012 and May 2013.

These loans will be repaid in three years and morewith a grace period ranging between 1 and a half year and2years, and an interest rate not exceeding 1%.